Business & economy news - WFLA News Channel 8

PepsiCo's profit rises on snack sales, price hikes

PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks. More>>

UnitedHealth's 1Q profit tumbles 8 percent

By TOM MURPHY AP Business Writer UnitedHealth Group's first-quarter net income slid 8 percent as funding cuts to a key product and costs imposed by the health care overhaul dented the health... More>>

2 Anglo Irish Bank executives convicted of fraud

Two former executives of Anglo Irish Bank, the reckless lender that brought Ireland to the brink of bankruptcy, have been convicted of committing fraud in a loans-for-shares scandal. More>>

Chipotle sales surge as it draws more customers

Mexican food chain Chipotle reported a higher quarterly profit Thursday as more customers flocked to its restaurants for burritos, bowls and tacos. More>>

Stocks drift after Google, IBM earnings disappoint

By ALEX VEIGA AP Business Writer Major U.S. stock indexes drifted between gains and losses in morning trading Thursday amid a crop of disappointing corporate earnings. Google, IBM and insurers... More>>

Average US 30-year mortgage rate falls to 4.27 pct

Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins. More>>

Union Pacific railroad's 1Q profit up 14 percent

The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments. More>>

Philip Morris Int'l 1Q profit falls nearly 12 pct

Philip Morris International's first-quarter profit dropped nearly 12 percent as cigarette sales fell in the overseas markets that it serves and it was hurt by foreign exchange rates for the U.S. dollar. More>>

Morgan Stanley's income rose 18 percent

Investment bank Morgan Stanley said Thursday that its first-quarter income rose 18 percent from a year ago, helped by higher earnings in its trading and merger and acquisitions advisory businesses. More>>

Wal-Mart joins Ria for money transfer service

Wal-Mart Stores Inc. is introducing a new money transfer service that it says will cut fees for customers by up to 50 percent compared with similar services. More>>

Tech stocks slump after Google, IBM disappoint

By The Associated Press Technology stocks are leading an early decline on Wall Street after Google and IBM reported disappointing earnings. More>>

Goldman's income falls 11 percent, but still beats

Goldman Sachs' earnings fell in the first quarter as bond trading slumped, but the results still came in ahead of what investors expected as other parts of the bank performed well. More>>

China factories face new challenge as growth slows

As China's growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient low-cost producer is no longer enough to prosper. More>>

Oil near $104 as traders weigh supplies, Ukraine

By PABLO GORONDI Associated Press The price of oil remained near $104 a barrel Thursday as investors weighed the upheaval in Ukraine against a big increase in U.S. oil supplies. More>>

Applications for US jobless aid edge up to 304,000

The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase. More>>

Researcher finds flaw in Samsung fingerprint check

A Berlin-based researcher says he has managed to fool the fingerprint-based security system on Samsung's new Galaxy S5 smartphone using wood glue and a picture of the original print. More>>

GE 1Q earnings fall, outlook strong

General Electric posted lower first-quarter net income than a year ago because last year's results included the sale of NBC Universal. More>>

Tiny power plants hold promise for nuclear energy

Small underground nuclear power plants that could be cheaper to build than their behemoth counterparts may herald the future for an energy industry under intense scrutiny since the Fukushima disaster, the incoming head of... More>>

EU warns Russia against using gas for politics

The European Union is warning Russia that interfering with gas deliveries to Ukraine to apply political pressure would backfire by damaging its reputation as a reliable supplier for the EU. More>>

Weak Barbie sales weigh on Mattel 1Q

Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss. More>>

Servier, lab founder in drug scandal, dies at 92

Jacques Servier, the founder of France's second-largest pharmaceutical group who became ensnared in a scandal over a diabetes drug widely used for weight loss, has died. More>>

Heavy winter storms weigh on DuPont during 1Q

DuPont's agricultural sales suffered and its operating costs rose during extensive winter storms that dragged on first-quarter earnings, although volumes increased in the company's industrial segments and margins... More>>

Britain's Co-op posts loss in 'disastrous' year

The Co-operative Group, Britain's largest mutual society, on Thursday posted a 2.5 billion-pound ($3.04 billion) loss for 2013, a year its chief executive called "disastrous." More>>

Heavy winter storms weigh on DuPont during 1Q

DuPont's agricultural sales suffered and its operating costs rose during extensive winter storms that dragged on first-quarter earnings, although volumes increased in the company's industrial segments and margins... More>>

Ford to sell Lincoln cars in China for first time

Ford Motor Co. said Thursday it will sell high-end Lincoln cars in China for the first time later this year when it opens eight dealerships in seven cities. More>>

Post Holdings to buy Michael Foods for $2.45B

Cereal maker Post Holdings Inc. is buying fellow packaged food maker Michael Foods Inc. in a $2.45 billion deal that will expand Post's range of products. More>>

Heavy winter storms weigh on DuPont during 1Q

DuPont says that lost sales and increased operating costs from adverse weather conditions dragged on first-quarter earnings. More>>

World stocks subdued, Nikkei flat on profit taking

World stocks were subdued Thursday ahead of a long weekend for many markets, with Japan's Nikkei faltering as investors locked in profits after a strong rally. More>>

Defend 'Obamacare' unabashedly, some Democrats say

With enrollments higher than expected, and costs lower, some Democrats say it's time to stop hiding from the president's health care overhaul, even in this year's toughest Senate elections. More>>

Report projects health care costs to dip slightly

The Affordable Care Act's health insurance subsidies will cost a little less than previously thought, according to a new report released Monday. More>>

Chinese auto brands limp into Beijing show

China's automakers are the underdogs heading into next week's Beijing auto show, where foreign and domestic brands will jostle for attention in a market that is increasingly difficult for homegrown models. More>>

Asia stocks fail to match Wall Street gains

Asian stock markets were mostly lower Thursday, with Japan's Nikkei leading the retreat as investors locked in profits after a strong rally. More>>

Pro-Russian gunmen make inroads in eastern Ukraine

The well-armed, Moscow-backed insurgency sowing chaos in eastern Ukraine scored a new victory Wednesday, seizing armored vehicles and weapons from underequipped government forces, then rolling through two cities to a... More>>

IBM posts lower 1Q earnings amid hardware slump

IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exacerbated by weaker demand in China and emerging markets. More>>

Home sales of $10 million rise in Connecticut town

Connecticut's Gold Coast is living up to its name, with a record $120 million sale of a waterfront estate in Greenwich leading an increase in sales of homes for more than $10 million. More>>

US readies sanctions on Russia, aid for Ukraine

The Obama administration is preparing to ratchet up sanctions on Russia and boost assistance for the Ukrainian military in the coming days, U.S. officials said Wednesday, as Ukraine struggles to contain a pro-Russian... More>>

Google's 1Q earnings disappoint as ad prices slip

Google's first-quarter earnings growth faltered as the Internet's most influential company grappled with a persistent downturn in advertising prices while spending more money to hire employees and invest in daring... More>>

Obama, Biden announce $600M for job grants

Emphasizing skills training as key to a growing middle class, President Barack Obama on Wednesday announced $600 million in competitive grants to spur creation of targeted training and apprenticeship programs to help... More>>

Google buys drone maker Titan Aerospace

Google has bought Titan Aerospace, a maker of solar-powered drones, saying it could help bring Internet access to remote parts of the world as well as solve other problems. More>>

US stocks close higher for third day in a row

By ALEX VEIGA AP Business Writer Investors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data. More>>

Hot models at this year's New York Auto Show

With more than 1 million visitors annually, the New York International Auto Show is one of the most important shows for the U.S. auto industry. Here are some of the vehicles debuting this year. The show opens to the public... More>>

Study shows increase in online information thefts

The number of Americans who say they've had important personal information stolen online is on the rise, according to a Pew Research Center report released Monday. More>>

US stocks rise, extending gains into third day

By The Associated Press Stocks are higher for a third day in a row after more U.S. companies report solid earnings and on encouraging news about China's economy. More>>

Geneva talks on Ukraine face steep hurdles

Thursday's high-level talks in Geneva on Ukraine come as the country's eastern regions are awash in turmoil and pro-Russian insurgents have seized police stations and government buildings in at least nine cities. More>>

Fed survey: Growth picks up across most of US

A Federal Reserve survey shows economic growth picking up across most of the United States over the past two months as bitter winter weather subsided. More>>

Some exempted from minimum wage, increased or not

Some low-paid workers won't benefit even if a long-shot Democratic proposal to raise the federal minimum wage becomes law. More>>

Toyota Camry gets a top-to-bottom makeover

Shaken by the advances of newer, sportier rivals, the Toyota Camry is trying to shed its vanilla reputation. More>>

Algerian election faces disaffected populace

The college students playing pick-up soccer along the faded grandeur of Algiers' sweeping waterfront say they won't be voting in Thursday's presidential elections, echoing the sentiments of many young Algerians. More>>

Bank of America posts loss, hurt by legal charges

Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal charges. More>>

Yellen: Fed stimulus still needed for job market

Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges. More>>

France targets welfare for big spending cuts

France's new prime minister announced plans Wednesday to cut 21 billion euros ($29 billion) from state pensions, health care and the social safety net as a part of a 50 billion-euro effort to rein in the country's... More>>

Twitter buys data analytics partner Gnip

Twitter says it has bought its data partner Gnip, which provides analysis of the more than 500 million tweets its users share each day - to advertisers, academic institutions, politicians and other customers. More>>

Former Anglo Irish Bank chairman cleared of fraud

A jury Wednesday cleared former Anglo Irish Bank chairman Sean FitzPatrick of all fraud charges related to a loans-for-shares scheme that preceded the bank's 2009 collapse. More>>

CSX railroad expects modest 2014 profit growth

CSX railroad expects to deliver modest profit growth this year, but the impact of the severe winter will linger into the second quarter. More>>

Yahoo, China news send US stocks higher at midday

By The Associated Press Stocks are moving higher for a third day in a row after more U.S. companies report solid earnings and on encouraging news about China's economy. More>>

Why high oil prices are actually good for airlines

Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business. More>>

Cost of fighting warming 'modest,' says UN panel

The cost of keeping global warming in check is "relatively modest," but only if the world acts quickly to reverse the buildup of heat-trapping gases in the atmosphere, the head of the U.N.'s expert panel on climate... More>>

Ford to offer 50th anniversary Mustang

Ford is celebrating the 50th anniversary of the Mustang with a limited-edition model and a display atop the Empire State Building. More>>

Russian economy hit by Ukraine turmoil

Russia's economy slowed sharply at the start of the year as the crisis in Ukraine spooked investors into pulling money out of the country. But with Russian President Vladimir Putin still enjoying high popularity... More>>

Yahoo, PNC among early winners among US stocks

By The Associated Press Stock indexes are opening higher after more U.S. companies reported solid earnings and some encouraging news about China's economy. More>>

US factory output extended solid gains in March

U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace... More>>

US home building up in March after frigid winter

U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. More>>

Ahead of the Bell: Yahoo

Yahoo soared 8 percent in trading before the opening bell Wednesday after quarterly results showed an aggressive push into Asia and a slight pickup in advertising revenue. More>>

Oil nears $105 as conflict in east Ukraine deepens

By PABLO GORONDI Associated Press The price of oil approached $105 a barrel Wednesday as concerns grew over the crisis in Ukraine, which took military action against separatists in its east. Gains were... More>>

UK: Ex-Co-op Bank chair charged with drug offenses

Police have charged the former chairman of Britain's troubled Co-operative Bank with drug offenses. More>>

UK unemployment keeps falling amid recovery

Britain's unemployment rate has fallen below 7 percent for the first time in five years, with earnings growth narrowly outstripping inflation for the first time since 2010. More>>

Hoeness tax case has Germans dashing to confess

The high-profile tax evasion trial against former Bayern Munich president Uli Hoeness has prompted a surge in the number of Germans turning themselves in to authorities for failing to properly declare their taxes. More>>

China's growth slows to 7.4 percent in 1Q

China's economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without politically dangerous job losses. More>>

If filed, plane lawsuits might not get heard in US

Since Malaysia Airlines Flight 370 went missing, some lawyers have claimed they can get several millions of dollars in damages for each lost passenger by taking the cases to the United States. But past lawsuits show U.S.... More>>

Sub makes 2nd dive to search for Malaysian plane

As a robotic submarine dove into the ocean to look for lost Flight 370, angry Chinese relatives stormed out of a teleconference meeting Wednesday to protest the Malaysian government for not addressing them in person. More>>

Credit Suisse profits down 34 percent

Swiss bank Credit Suisse says its net profit fell 34 percent in the first quarter, more than expected, as bond-market woes hurt earnings at its investment banking business. More>>

ASML sees lull in orders from computer chip makers

ASML Holding NV, the largest supplier of equipment to computer chip makers such as Intel and Samsung, says it sees only incremental sales gains in the coming two quarters. More>>

Detroit strikes 2nd deal with its other retirees

The city of Detroit reached tentative agreements to preserve pensions for retired police office and firefighters but cut monthly payments for other former employees, key deals that could accelerate the largest public... More>>

Cuban doctors in eye of Venezuelan hurricane

When Judith Faraiz's son was near death after a severe motorcycle accident, she put his life in the hands of God and Cuban doctors. More>>

GM to ask bankruptcy court for lawsuit protection

General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy. More>>

Rail companies to report fertilizer delivery plans

A federal oversight board told Canadian Pacific Railway and BNSF Railway that they have until Friday to report their plans to ensure delivery of fertilizer shipments for spring planting of U.S. crops. More>>

Intel reports lower 1Q net income, higher revenue

Intel's earnings fell in the first three months of the year amid a continued slump in the worldwide PC market, but revenue grew slightly because of solid demand for tablet processors and its data center services. More>>

GM sales eyed for impact of ignition switch recall

As General Motors shows off its newest cars and trucks in New York this week, analysts are watching for signs that consumers are shying away from the ones sitting on dealer lots. More>>

US declines to name China a currency manipulator

The Obama administration is raising concern about the value of China's currency but is declining, as in recent years, to accuse Beijing of manipulating it. More>>

Yahoo's 1Q highlighted by Alibaba, modest ad gains

Yahoo is prospering from its lucrative investments in Asia while the Internet company's listless advertising sales are picking up, if ever so slightly, under CEO Marissa Mayer. More>>

Ukraine bares teeth against eastern uprising

In the first Ukrainian military action against a pro-Russian uprising in the east, government forces repelled an attack Tuesday by about 30 gunmen at an airport, beginning what the president called an "anti-terrorist... More>>

CBS wins the week with basketball and hit series

Hoops and series hits have handed CBS another winning week, the Nielsen ratings company said. More>>

US stock markets rebounds after choppy day

By ALEX VEIGA AP Business Writer A stock market swoon turned into a comeback Tuesday. More>>

5 Things to Know about Tax Day

By The Associated Press The deadline for filing taxes is midnight Tuesday. Here are five things to consider as the deadline nears. More>>

New LA newspaper embraces print in digital world

Aaron Kushner believes he can launch and grow a print newspaper in a world gone digital. More>>

Court upholds EPA emission standards

A federal appeals court on Tuesday upheld the Environmental Protection Agency's first emission standards for mercury and other hazardous air pollutants from coal- and oil-fired power plants. More>>

Stocks end higher, extending a modest rally

Stocks managed to close with modest gains on Wall Street after a day of up-and-down trading. More>>

Immigration activists urge Obama to act boldly

Latinos and immigration activists are warning of political peril for President Barack Obama and Democrats in the fall election unless the president acts boldly and soon to curb deportations and allow more immigrants to... More>>

Obama discusses immigration with faith leaders

President Barack Obama told religious leaders Tuesday that he has no plans to make unilateral changes to the nation's immigration laws while there's still a window for Congress to pass legislation. More>>

Union fights push to hire private tax collectors

A public employees union is fighting a bipartisan effort in Congress to force the Internal Revenue Service to hire private contractors to collect some delinquent taxes. More>>

Yellen signals more aggressive stance toward banks

The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. More>>

Coca-Cola sells more drinks but soda dips

Coca-Cola, the world's biggest beverage maker, said Tuesday that the amount of soda it sold globally fell for first time in 15 years. More>>

Colleges seek to improve remedial programs

The odds have long been stacked against students like those in Edward Ennels' remedial math classes at Baltimore City Community College. More>>

J&J Q1 net up 8 percent on sales jump, lower costs

By LINDA A. JOHNSON AP Business Writer A turnaround in Johnson & Johnson's prescription medicine business fueled by new drugs, combined with reduced production and administration expenses, lifted... More>>

US stocks drift lower at midday; Homebuilders sink

U.S. stocks are moving lower in midday trading, giving up an early gain. More>>

Finmeccanica shares down on CEO change

Investors signaled concern Tuesday at a change of leadership at the scandal-plagued Finmeccanica defense contractor as part of sweeping management changes announced by Italian Premier Matteo Renzi at four strategic... More>>

Coulson: 'Didn't know about tabloid phone hacking'

Prime Minister David Cameron's former communications chief said under oath Tuesday that he was never involved in phone hacking when he was the editor of a Rupert Murdoch-owned tabloid, though he acknowledged he... More>>

EU lawmakers complete financial system overhaul

The European Union's Parliament on Tuesday completed the biggest overhaul of the bloc's financial system since the introduction of the euro currency, passing laws to minimize the risk and cost posed by failing banks. More>>

US consumer prices up a slight 0.2 pct. in March

Lower U.S. gasoline prices kept consumer inflation in check last month, helping to offset higher costs for food and clothing. More>>

US homebuilder confidence edges up in April

U.S. homebuilders' confidence in the housing market rose modestly in April but remained at low levels for the third straight month, constrained by tight credit for home buyers and a shortage of workers and available land. More>>

Zebra to spend $3.45B on Motorola business

Zebra Technologies will spend more than $3 billion to buy the enterprise business of Motorola Solutions in a considerable expansion that is both technological and geographical. More>>

Stocks head higher in early trade; J&J gains

Stocks are opening higher on Wall Street as big-name U.S. companies turn in their latest financial results. More>>

US retail sales up strong 1.1 percent in March

U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products. More>>

Foreign holdings of US Treasury debt increase

Foreign buyers of U.S. Treasury securities increased their holdings in February to another record high. More>>

Aaron's buys Progressive Finance, cuts outlook

Furniture leasing company Aaron's has agreed to buy online rent-to-own finance company Progressive Finance Holdings for $700 million in cash in a bid to turn around its business even as it cut its first-quarter outlook. More>>

Russia tests Obama's ability to stop its advances

With the White House asserting that Russia is stoking instability in eastern Ukraine, President Barack Obama is once again faced with the complicated reality of following through on his tough warnings against overseas... More>>

Oil falls to near $103 ahead of Ukraine meeting

By PABLO GORONDI Associated Press The price of oil fell to near $103 a barrel Tuesday ahead of talks aimed at defusing tensions between the West and Russia over Ukraine. More>>

German company starts gas deliveries to Ukraine

German utility company RWE said Tuesday it has started sending natural gas to Ukraine, a move that could support the country if Russia acts on its threat to cut off supplies because of a massive debt for past deliveries. More>>

German economic confidence slips on Ukraine worry

A key German measure of investor confidence in the economy slipped in April as the conflict in Ukraine created uncertainty about the future. More>>

Greek short-term borrowing costs tumble

Greece's borrowing costs in a short-term debt sale have tumbled, days after the country returned to the international bond markets. More>>

Nestle sales up despite slack prices in Europe

Food company Nestle SA says sales rose 4.2 percent in the first quarter compared with a year ago despite deflationary pressures in Europe. More>>

Uber meets local lookalikes in Asia taxi-app wars

Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. There's a twist, though: Instead of being the game-changing phenomena it was in the U.S.,... More>>

People with old Social Security debts get reprieve

People with old Social Security debts are getting a reprieve - for now. More>>

China Film takes 1st stake in Hollywood movies

China's state-owned film distributor is making its first investment in Hollywood movies by taking a stake in two Legendary Entertainment productions. More>>

Little sign of progress as Obama, Putin speak

Speaking for the first time in more than two weeks, President Barack Obama and Russian President Vladimir Putin showed little sign of agreement on Monday, with the U.S. leader urging pro-Russian forces to de-escalate the... More>>

Vietnam releases dissidents amid foreign pressure

Vietnam has granted early release to two high-profile dissidents, bringing the number of democracy activists freed this month to three in what the government called a "policy of leniency." More>>

Whitefish shortage causing Passover meal problems

A shortage of whitefish in the Great Lakes region resulting partly from the winter deep freeze is coming at an inconvenient time for Jewish families: the Passover holiday, when demand is high because it's a key... More>>

Is hot market for IPOs cooling?

A hot market for initial public offerings may soon face a cooler reception from investors. More>>

Social Security halts effort to collect old debts

The Social Security Administration is suspending a program in which thousands of people were having their tax refunds seized to recoup overpayments that happened more than a decade ago. More>>

EU moves to sanction more Russians over Ukraine

European Union foreign ministers decided Monday to sanction more Russians with asset freezes and visa bans as a sign of the trade bloc's outrage over Moscow's ongoing interference in Ukraine, a high-ranking EU... More>>

US stocks recover some ground on retail sales gain

By ALEX VEIGA AP Business Writer U.S. stocks mounted a modest rally on Monday, helping investors recover some of the ground lost after a rough finish last week. More>>

Minnesota joins states raising minimum wage

Tens of thousands of Minnesota workers have big raises coming their way, courtesy of a new minimum wage law that Gov. Mark Dayton signed Monday, which will take the state from one of the nation's lowest rates to among... More>>

CBO: Deficits to drift lower on lower health costs

A congressional report released Monday predicts slightly smaller deficits both this year and over the coming decade, with lower spending on federal health care spending being the main reason. More>>

Citigroup's earnings edge higher in first quarter

Citigroup's first-quarter earnings rose, helped by declines in expenses and provisions for bad loans. The earnings improved even as revenue from mortgage refinancing and bond trading fell. More>>

US stocks gain following a pickup in retail sales

Stocks are closing higher, clawing back some of the ground they lost last week, as investors were encouraged by solid earnings from Citigroup and a pickup in retail sales last month. More>>

Oil price rises past $104 amid Ukraine tensions

By The Associated Press The price of oil rose Monday on the prospect of higher demand in the U.S. and escalating tensions in Ukraine. More>>

April 15 not much of a deadline for most taxpayers

The calendar shows April 15, and you haven't even started on your federal tax return? Chances are, you don't need to fret. More>>

Ex-editor Coulson: Affair with Brooks was 'wrong'

Former News of the World editor Andy Coulson took the stand at Britain's phone hacking trial Monday, saying his affair with fellow executive Rebekah Brooks was wrong but didn't lead him to share work secrets with her. More>>

Chinese pork giant plans IPO to raise up to $5.3B

China's WH Group, which became the world's biggest pork company after buying Smithfield Foods of the U.S. last year, said Monday it plans to raise up to $5.3 billion in an initial public offering on the Hong Kong... More>>

Dutch arrest girl whose tweet threatened airline

Police in the Netherlands have arrested a 14-year-old girl on suspicion of threatening American Airlines in a tweet. More>>

UN climate report balances science and politics

After racing against the clock in an all-night session, the U.N.'s expert panel on climate change was putting the final touches Saturday on a scientific guide to help governments, industries and regular people take... More>>

Glencore buys oil-explorer Caracal for $1.35B

Swiss-based commodities giant Glencore Xstrata Plc says it is buying oil exploration firm Caracal Energy Inc. for about 800 million pounds ($1.35 billion) in cash. More>>

Sebelius: Health care launch 'terribly flawed' Video included

The Obama administration's timeline for having ready the new health care law's online sign-up system "was just flat out wrong," outgoing Health and Human Services Secretary Kathleen Sebelius said in an interview... More>>

Stocks move higher after a rough week; Citi gains

U.S. stocks are higher in midday trading after the government reported that retail sales notched their biggest increase since 2012 in March. More>>

Twitter CEO, co-founders not selling stock

Twitter says its CEO Dick Costolo and co-founders Jack Dorsey and Evan Williams have no plans to sell any of their shares when the company's post-IPO lock-up expires on May 5. More>>

US businesses increased stockpiles 0.4 percent

U.S. businesses boosted their stockpiles in February as sales rebounded by the largest amount in nine months. More>>

Finance ministers: Economy stronger but fragile

The world's top financial officials say they believe the global economy is strengthening but that growth remains fragile and open to risks of new geopolitical strife, as in Ukraine. More>>

Stocks open higher after a rough week; Citi gains

Stocks are opening higher as investors are encouraged by a pickup in retail sales last month. More>>

World trade predicted to improve next year

The World Trade Organization predicts global commerce will grow 5.3 percent next year, an improvement that would bring it back in line with its 1993-2013 historic average. More>>

Report: Glaxo bribed doctors in Poland

The BBC reports that pharmaceutical company GlaxoSmithKline is accused of bribing doctors to prescribe medicines in Poland. More>>

TIAA-CREF buying Nuveen for $6.25B

Financial services provider TIAA-CREF says it's buying investment manager Nuveen Investments in a deal valued at $6.25 billion including debt. More>>

New Peugeot boss pledges return to profit by 2018

Loss-making French carmaker PSA Peugeot Citroen says it aims to return to profitability by 2018 by reducing the number of models and relying on its recent rescue by Chinese investors and the French state. More>>

Investor sentiment on tech goes from giddy to glum

The stock market's laws of gravity are ravaging its highest fliers. More>>

Heartbleed could harm a variety of systems

It now appears that the "Heartbleed" security problem affects not just websites, but also the networking equipment that connects homes and businesses to the Internet. More>>

At a Glance: Hot tech stocks tumble

By The Associated Press Investors have clipped the wings of high-flying tech stocks in recent weeks, as they re-focus on safer sectors such as utilities, health care and consumer staples. Shares of tech... More>>

Asian stocks decline after US losses

Asian stock markets fell Monday following two days of U.S. declines and forecasts of lower American corporate profits. More>>

With $41.4M, 'Captain America' holds off 'Rio 2'

"Captain America" continued to flex its Marvel muscle at the global box office, as "The Winter Soldier" took in $41.4 million domestically and $60.6 million overseas. More>>

GlencoreXstrata selling Peruvian mine for $5.85B

Glencore Xstrata Plc has agreed to sell its copper mine project in Peru for $5.85 billion in cash. More>>

High fees eroding many 401(k) retirement accounts

It's the silent enemy in our retirement accounts: High fees. More>>

Beef prices reach highest level since 1987

The highest beef prices in almost three decades have arrived just before the start of grilling season, causing sticker shock for both consumers and restaurant owners - and relief isn't likely anytime soon. More>>

Politics test Silicon Valley's Russian ties

Entrepreneurs and investors say Silicon Valley's fast-growing financial ties with Russia's tech sector are being slowed down by current political tensions between the White House and the Kremlin. More>>

Greek police clash with retail employee protesters

Hundreds of protesters battled with riot police in one of the Greek capital's main shopping districts. No injuries or damage have been reported. More>>

Mideast's busiest air hub plans runway overhaul

Officials say Dubai airport, the Mideast's busiest, will undergo a major runway overhaul starting next month that will see more than a dozen airlines shift flights to another airport in the city. More>>

Artificial cooling tricky topic for climate panel

It's Plan B in the fight against climate change: cooling the planet by sucking heat-trapping CO2 from the air or reflecting sunlight back into space. More>>

Six Flags theme park planned for Dubai

Dubai could soon have some new roller coasters to go with its man-made islands and the world's tallest skyscraper. More>>

Fliers' thoughts, from 'no fear' to 'it's scarier'

The Indonesian mother of three had flown without her kids before, but this was the first time she gave her eldest a to-do list in case something happened on the flight she and her husband were taking. More>>

Oil pipe leak blamed for tainted water in China

An oil pipe leak caused excessive levels of the toxic chemical benzene in a major Chinese city's water supply, prompting warnings against drinking from the tap and sending residents to queue up to buy bottled water. More>>

Long hunt for missing jet looms as pings go silent

After a week of optimism over four underwater signals believed to be coming from the missing Malaysian plane, the sea has gone quiet and Australia's leader is warning that the massive search will likely be long. More>>

GM slow to act on recalls, House documents show

Documents released by a House subcommittee show that managers and employees at General Motors were often slow to react to safety problems - and that one part of GM often didn't know what another was doing. More>>

US Internet ad revenue surpasses broadcast

For the first time, U.S. Internet advertising revenue has surpassed that of broadcast television thanks to sharp growth in mobile and digital video ads. More>>

Finance officials: Global economy turns the corner

The world's top finance officials expressed confidence Saturday that the global economy finally has turned the corner to stronger growth. This time, they may be right. More>>

'Divergent' film finale to be released in 2 parts

Lions Gate Entertainment Corp. says the final book of its "Divergent" trilogy will be made into two parts, following the lucrative formula it has used for "Twilight" and is repeating for "The Hunger Games." More>>

Investors ask if stock drop is just the start

Is the selling over or has it just begun? More>>

Physicist wins $1.3M tech prize for data storage

Anyone who uses large data centers, cloud services, social networks or gets music and film online can thank British-American physicist Stuart Parkin. More>>

Searchers race to find jet; no new signals heard

With no new underwater signals detected, the search for the missing Malaysian passenger jet resumed Saturday in a race against time to find its dying black boxes five weeks after families first learned their loved ones... More>>

Once-soaring tech stocks sink in sobering comedown

The stock market's laws of gravity are ravaging its highest fliers. More>>

Ohio geologists link small quakes to fracking

Geologists in Ohio have for the first time linked earthquakes in a geologic formation deep under the Appalachians to hydraulic fracturing, leading the state to issue new permit conditions Friday in certain areas that are... More>>

Major economies express confidence about growth

Finance officials of the world's major economies expressed confidence Friday that they can meet an ambitious goal of boosting global growth by $2 trillion over the next five years. More>>

Puerto Rico court strikes down new pension law

Puerto Rico's Supreme Court on Friday ruled that a law to change a teachers' retirement system is unconstitutional, dealing a blow to the U.S. territory's governor as he tries to revive a sluggish economy. More>>

New 'face,' but some old problems for 'Obamacare'

Abruptly on the spot as the new face of "Obamacare," Sylvia Mathews Burwell faces steep challenges, both logistical and political. More>>

Stocks fall on jitters over earnings, tech rout

Investors drove the stock market lower for a second straight day Friday as they grew anxious that earnings growth was faltering. More>>

JPMorgan's first-quarter profit falls 20 percent

JPMorgan Chase, the biggest U.S. bank by assets, said Friday its first-quarter earnings fell 20 percent, driven by a decline in investment banking and mortgage lending. More>>

4 years after spill, questions on long-term health Video included

When a BP oil well began gushing crude into the Gulf of Mexico four years ago, fisherman George Barisich used his boat to help clean up the millions of gallons that spewed in what would become the worst offshore spill in... More>>

Rules lag to help passengers escape crashed buses

Safety standards to make large buses easier for passengers to escape after a crash have not been adopted 15 years after accident investigators called for new rules. More>>

US levies more sanctions over Crimea takeover

The Treasury Department on Friday sanctioned the former vice speaker of the Ukrainian parliament, six Crimean separatist leaders and a Crimea-based gas company over Russia's takeover of the Crimean Peninsula. More>>

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